Author Archive

Aging Housing Stock Will Increasingly Require Spending for Renovation

America’s housing stock is increasingly becoming old, with structures typically about 40 years old.  This means that homeowners will likely need to do some renovation/remodeling for structural or aesthetic purposes prior to selling their home, or if sold on...

States with Strong Townhouses and Condos Market

REALTORS’®  outlook for the next six months for townhomes and condominiums was generally “weak”  across most states, except in the District of Columbia, North Dakota, Colorado, Texas, California, Florida, Hawaii, and Alaska (red), according to the  December 2014 REALTORS®...

Most REALTORS’® Have Optimistic Housing Outlook in Next 6 Months

REALTORS’® confidence about the outlook for the next six months improved significantly in December, according to the December 2014 REALTORS® Confidence Index Survey. In the single family market, the REALTORS®  Confidence Index - Six-month Outlook  increased to 67  (60...

Recent Oil Price Trends and What They Mean for the Housing Recovery

Crude oil prices are now trading at slightly below $50/barrel resulting in steep declines in gasoline prices. As of January 5, 2015, the U.S. Energy Information Administration (EIA) reported that the price of regular gasoline was $2.20 /gallon, the...

Modest Price Growth Projected in Next 12 Months

With rising inventory  and the strong price recovery since 2012, REALTORS®  responding  to the  November 2014 REALTORS® Confidence Index Survey expected home prices to increase modestly in the next 12 months, with the median at about 3 percent:    http://www.realtor.org/reports/realtors-confidence-index[1]....